Published on December 6, 2023

A Comprehensive List of Layoffs In the Crypto Industry - December 2023

Brad Larson

@followbl

A continued list of layoffs happening in the web3 and AI space.

Tracking web3 layoffs is important for a number of reasons. First, it helps us to understand the impact of the crypto bear market on the web3 industry. Second, it helps us to identify the companies that are facing the most pressure. Most importantly, it helps us to identify the talent that is available to hire.

December 2023:

Blockdaemon reportedly laid off 25% off staff.
Forkast Labs laid off their editorial staff as part of a merger with CryptoSlam.
Swyftx cut over 90 employees.

November 2023:

Ava Labs, the parent company to the Avalanche token, lays off 12% of employees.
Qredo, the Coinbase-backed startup, cuts workforce by half.
OpenSea does another round of layoffs in 2023 by cutting 50% of their marketplace staff.
C3.AI cut staffers across various departments.

October 2023:

Brave lays off 9% of staff.
Epic Games lays off staff.
Roblox cuts 30 team members.
CertiK cuts 15% of staff, even after raising $150M in fresh capital last year.
Stack Overflow says 'goodbye' to an undisclosed number of employees.
Yuga Labs lays off 120 employees as part of a "restructuring".
Chainalysis reduces 15% of staff.
Ledger, the French security company, says 'au revoir' to 12% of their employees.
Coinhouse slashes 15% of workforce citing, 'Reduced Enthusiasm for Web3'
Chia fired 26 of its 70 employees as a delay comes in going public.